The Carrot Principle — How the Best Managers Use Recognition to Engage Their Employees, Retain Talent and Drive Performance

Join Halogen Software for an inspiring webcast from renowned author and engagement expert Chester Elton and learn how fostering a recognition culture can motivate your employees and drive business
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Join Halogen Software for an inspiring webcast from renowned author and engagement expert Chester Elton and learn how fostering a recognition culture can motivate your employees and drive business results for your organization. Based on his runaway New York Times best-seller The Carrot Principle, Elton will reveal the groundbreaking results of one of the most in-depth management studies ever undertaken.

This breakthrough 10-year study of 200,000 people found dramatically greater business results when managers offered constructive praise and meaningful rewards in ways that powerfully motivated employees to excel.

Drawing on case studies from leading companies, Elton will share how the transformative power of purpose-based recognition produces astonishing increases in operating results, such as higher productivity, engagement, retention, and customer satisfaction.

This presentation introduces the simple steps to become a Carrot Principle manager and to build a recognition culture in your organization. You’ll also hear about how this culture can be enabled by a best practices-based talent management system that supports better business results.

Transcript

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The Carrot Principle — How the Best Managers Use Recognition to Engage Their Employees, Retain Talent and Drive Performance You can listen to today’s webinar using your computer’s speakers or you may dial into the teleconference. If you would like to join the teleconference, please dial 1.650.479.3208 and enter access code: 920 643 065 #. You will be on hold until the seminar begins. #TMwebinar

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Frequently Asked Questions1. Will I receive a copy of the slides after the webinar? YES2. Will I receive a copy of the recording after the webinar? YES Please allow up to 2 business days to receive these materials. #TMwebinar

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Managers who ignore their employeeshave 2% engaged employees and 40%actively disengaged.“BAF has transformed employee performancemanagement from a once a year chore to an ongoing,year-round process. Managers now provide regularfeedback and coaching to employees. This has beeninstrumental in transforming our entire culture.”Melanie Rydalch, Regional HR Manager

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GoalsGoal Setting that helps set expectations“Having employee goals clearly and objectively laid out and theability to track their progress in real time ensures that there areno surprises during the performance conversation betweenmanager and employee. Employees know what is expected ofthem and this makes them accountable and the systembecomes transparent. This has enabled the Bank to increaseemployee engagement in the process.”Laura Van Well, HR Officer

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Opportunity Develop for the future and employees will be more engaged today!“Turnover rates decreased from 20 per cent to 4 per cent. Peoplefeel really good about what they do and what they contributeknowing there are a lot of different promotions and leadership rolesthat have evolved through our leadership development program,which is part of our performance management and careerdevelopment approach. 64 per cent of the companys leadershippositions are now held by individuals promoted from within.”Michelle Reid, HR Manager

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A Crisis in Business 65% of Workers are looking around says survey Responses from 14,000 workers reveal that many areweighing their options– and employers haven’t caught on.

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Ah, the Power of a Carrot• Higher retention, of your good people• Greater, sustained productivity• Stronger, more committed employees• Allows managers to communicate a powerful, lasting way• And PROFIT!

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Ah, the Power of a Carrot• It communicates what matters most to your organization

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The Fortune 100 Best“As for recognition it is probably the fattest pitch that managers miss. Telling employees they are doing a great job costs nothing but counts big And it is so easy to do more” Fortune Magazine 100 Best Companies issue 50

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Informal /Seeds• Letter of praise to family • Box of chocolate bars• Do least favorite task • Half day off to spend w/ kids• Remember special days • Scrapbook of memories• Wash car • Tickets to movie, play,• Parking space for a week game • Recognition box• Hand Written Note • Friday inspirational movie• Cup of coffee • A pat on the back

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Informal /Seeds• Letter of praise to family • Box of chocolate bars• Do least favorite task • Half day off to spend w/ kids• Remember special days • Scrapbook of memories• Wash car • Tickets to movie, play,• Parking space for a week game • Recognition box• Hand Written Note • Friday inspirational movie• Cup of coffee • A pat on the back

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Vegephobia Why People Don’t Recognize• Don’t want to get familiar• I never got any recognition!• What’s in it for me?• Don’t have time• Don’t want to play favorites• They will ask for more money!

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Ah, the Power of a Carrot• Higher retention, of your good people• Greater, sustained productivity• Stronger, more committed employees• Allows managers to communicate a powerful, lasting way• And PROFIT!